Course description

Senior Managers and Certification Regime Workshop

Originally rolled out to the banking sector in 2016, the Senior Managers and Certification Regime (SMCR) is about to be extended to around 47,000 additional firms.

Beginning with insurance companies, from December 2018, and reaching asset managers and other regulated firms in 2019 (subject to a final Treasury decision).

The Financial Conduct Authority (FCA) is tightening up its rules, replacing the current Approved Persons Regime with the Senior Managers and Certification Regime (SMCR). The regime has already been operating in the banking sector for some time and will this year extend to all within the financial services sector.

This change will affect all FCA regulated firms including non-UK firms with permission to carry out regulated activities in the UK, and it will focus on three key areas:

The Senior Managers Regime

The Certification Regime

Conduct Rules

The implementation date has been set for the 9th December 2019

What Makes This SMCR Course Different:

Need a kick start to your SMCR project? well this workshop will equip you with everything you need to know and everything you need to do

Leveraging the trainers experience with the banking rollout we look to unpick the lessons to be learnt for the SMCR extension to all regulated firms

Packed with practical exercises to focus on the identification of key employees and what you need to do in the lead in to SMCR

Conduct rules; what are they, what do they mean & why do they matter?

Walk away with a clear plan of your next steps for your SMCR implementation